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$1,529,000
Total Beds: 13 Total Baths: 3
Total Units: 3 SQFT: 3906
LOT size: 0.09 Acres
29 Ridgewood St
Boston, MA 02122
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Property Description

Unique investment opportunity! Massive 3 family with 13 Bdrs and 8.5% CAP rate. All units are deleaded. This is a true cash cow, offering outstanding rental income and long-term value. Tenants pay all utilities. Perfect for 1031 exchange, long term rental income, owner occupant or condo conversion. All units are sunny, bright, have front and back porches and recently renovated with granite kitchens, tiled bathrooms. All utilities are split. The TPO roof is 7 yo. Lots of system updates. New water tanks. Some appliances are brand new. 2 car garage and parking in the back. Additional income from parking. 5 min walk to the Red Line. Situated just moments from I-93, UMASS, and downtown Boston, this property provides unbeatable access to major transportation routes, popular educational institutions, and the city's vibrant business district. Don’t miss out on this rare opportunity to own a top-tier investment property in the city of Boston.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 13
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, Laundromat, Medical Facility, Park, Public Transportation, Shopping, T-Station, University
  • Common Rooms: Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub, Stone/Granite/Solid Counters, Upgraded Cabinets
  • Common Appliances: Dishwasher, Freezer, Microwave, Range, Refrigerator

Financial

  • APOD Available: Yes
  • Expenses Source: Tax Return
  • Gross Operating Income: 141000
  • Gross Expenses: 1941
  • Electric Expenses: 335
  • Water/Sewer: 1606
  • INSC: 4646
  • Net Operating Income: 139059

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family
  • Foundation Info: Poured Concrete
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73355844
  • Last Updated: 04/11/25

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Map

Seller's Representative: Galina Barry, ERA Cape Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-11 03:05:00